Whitbread's Reset: A Test of Patience and Prudence Corvex Management, a US hedge fund holding 7% of Whitbread's shares, has fired off an open letter demanding that the board put the company up for sale.
The hedge fund is frustrated with the share price's sluggish response to Whitbread's recent strategy reset.
Whitbread's CEO, Dominic Paul, has outlined a five year plan aimed at transforming the company into a higher margin hotel business.